3911 NW 2nd St · Miami, FL 33126

$5,000

2 bd · 1.0 ba · 1,816 sqft · SingleFamily public records · 8 Days on market

Built 1946

---

Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.4/5.0
• Cash flow +0.3/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 17, 2026 at 9:00 AM EST. Explore this charming 2-bedroom, 1-bath residence set in a peaceful and well-located Miami community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa.

Key facts

• Garage
• Listed 8 days

Property features AI

Finance

• Other: Directions: Near Flagler St and S Le Jeune

Exterior

• Parking: Detached or attached garage with space for 1 car
• Home design: Residential property; One-story
• Exterior features: Lot approximately 0.16 acres; Zoning: 0100

Interior

• Bathrooms: One full bathroom
• Interior features: Single-story layout

🔨 Auction listing. The $5,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $766,352 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-3k ($-41k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 1.0% vs local median 1.9% in Miami — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 78/100 on livability (#177 in FL, #2,724 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F, cost of living F.
• Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents falling (-4.5%/yr); 196 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $2,391/mo this rent would consume 49% of the median local household income ($58k/yr) (locally 3930% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $23k of value loss. Plan a longer hold.
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 229.9% of price; built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 4→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.31% ✗
• Cap rate: 0.96%
• Cash-on-cash: -19.06%
• DSCR: 0.15
• GRM: 26.7

CMA / ARV

• ARV (on-the-fly): $766,352
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3921 SW 4th St	0.36mi	3/2.0 (+1)	1,657 (-9%)	23mo	$699,900	$422	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -57.9%
• Equity multiple: -0.62×
• Total profit: $-348,179
• Equity at exit: $114,266

10-year hold

• IRR: —
• Equity multiple: -1.84×
• Total profit: $-609,573
• Equity at exit: $66,260

Cash invested: $214,579 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33126

• Rents YoY: -4.5%
• Active inventory: 196
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,391 medium
• Mortgage (P&I): −$4,019
• Tax est. 1.5%: −$958 /mo · $11,495/yr
• Insurance: −$319
• HOA: −$0
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $-3,408

Break-even live

Break-even rent $6,704

Max offer price $273,278

Occupancy floor —

Sensitivity live

Price	-10% $-2,878	-5% $-3,143	+0% $-3,408	+5% $-3,672	+10% $-3,937
Rent	-10% $-3,596	-5% $-3,502	+0% $-3,408	+5% $-3,313	+10% $-3,219
Rate	-1.0pp $-3,022	-0.5pp $-3,213	base $-3,408	+0.5pp $-3,606	+1.0pp $-3,808

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $191,588
• Closing costs: $22,991
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-17
   days on market $5,000 Active 8 DOM
2. 2026-06-16
   days on market $5,000 Active 7 DOM
3. 2026-06-15
   days on market $5,000 Active 6 DOM
4. 2026-06-13
   days on market $5,000 Active 4 DOM
5. 2026-06-10
   remarks 283-char remark
6. 2026-06-10
   listed $5,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 4 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,687
• − Mortgage interest: −$42,928
• − Property taxes: −$11,495
• − Insurance: −$3,832
• − Repairs & maintenance: −$2,295
• − Management: −$2,295
• − Depreciation: −$22,294
• Taxable loss: −$56,451
• Est. tax savings @ 24.0%: +$13,548
• After-tax cash flow: $-27,342/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Miami-Dade
• NCES district ID: 1200390
• Math proficiency: 45% ▼ -16.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $43,928
• Composite: 41.76/100
• National rank: #3397
• State rank: #40 of 73 in FL

Livability — Miami

• Score: 78/100
• State rank: #177
• US rank: #2724

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment C- Housing B- Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 827,308
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 47,307
• Household income: $58,210
• Rent vs Own: 63.5% rent · 36.5% own
• Severe rent burden: 3930.0

Population outlook (Miami-Dade County) Hauer SSP2

• Today (2025): 3,126,439 people
• By 2030: 3,325,765 · +6.4%
• By 2040: 3,697,561 · +18.3%
• By 2050: 4,012,134 · +28.3%
• By 2075: 4,605,612 · +47.3%
• By 2100: 4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (95%)
• Race & ethnicity: Hispanic / Latino 95% Two or more races 50% White 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 60% Dominican 2%
• Foreign-born: 76% · Canada, Jamaica, Guatemala
• Languages at home: 8% English-only · Spanish 91%

Political lean MEDSL · Miami-Dade

• 2024 margin: R (+11.4) · D 43.9% · R 55.4%
• 2008→2024 swing: -27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -343.54%
• Current HPI: 318.6854
• Rent YoY: ▼ -4.50%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-92.3% since first listed

12 events — show timeline

• 2026-06-09 Listed $5,000 NFMLS
• 2025-01-02 Listing Removed — CATRS
• 2024-11-26 Relisted — CATRS
• 2024-10-08 Contingent — CATRS
• 2024-10-04 Price Changed $670,000 CATRS
• 2024-09-22 Price Changed $680,000 CATRS
• 2024-09-14 Price Changed $720,000 CATRS
• 2024-08-19 Price Changed $790,000 CATRS
• 2024-08-14 Price Changed $830,000 CATRS
• 2024-07-26 Listed $870,000 CATRS
• 1998-03-25 Sold (Public Records) $145,000 Public Records
• 1990-06-26 Sold (Public Records) $65,000 Public Records

Property tax history

-0.4%/yr

Latest (2025): $4,389 · +2.6% YoY. Source: county tax records.